Claims
Nearly two million homes in 13 western states are at an extreme or high risk of wildfire damage, according to a new report from CoreLogic, Inc. CoreLogic, a global property information, analytics and data-enabled solutions provider, said on Wednesday that 1.8 million single-family homes across 13 states in the western United States are currently designated […]
By Canadian Underwriter | October 26, 2016
2 min read
SAN FRANCISCO – A federal judge in San Francisco has approved a nearly $15 billion court settlement of most claims against Volkswagen for its emissions-cheating scandal. U.S. District Judge Charles Breyer signed the order Tuesday approving the largest auto-scandal settlement in the nation’s history. Volkswagen admitted last year that about 475,000 VWs and Audis with […]
By Jason Contant | October 25, 2016
4 min read
A severe storm that swept through Moose Jaw, Sask. during the third week of July has resulted in more than $71 million in insured damage, according to Catastrophe Indices and Quantification Inc. (CatIQ), which delivers detailed analytical and meteorological information on Canadian natural and man-made catastrophes. On the evening of July 22, a cold front […]
By Canadian Underwriter | October 25, 2016
About one in three (32%) drivers in Ontario admit to driving distracted because of their mobile devices, “and the number one reason for not focusing on the road is because someone called,” according to a recent Ipsos survey conducted for CAA South Central Ontario (CAA SCO). The survey, released on Monday, was conducted among a […]
FREDERICTON – A New Brunswick legislature committee on climate change is recommending the province establish a “made-in-New Brunswick carbon pricing mechanism.” It was one of 85 recommendations made in the all-party committee’s final report released on Monday. But the committee says it could not unanimously agree on whether the tax was a good idea to […]
By The Canadian Press | October 25, 2016
1 min read
More than US$625 million in property damages were prevented during Hurricane Sandy in 2012 by coastal wetlands along the coast northeast coast of the United States, according to a new report released on Tuesday. Using the latest modelling techniques, scientists from the conservation, engineering and insurance sectors studied the impact of Hurricane Sandy in the […]
The insurance industry needs to capitalize on its unique risk understanding to reduce the financial burden on governments in light of “the daunting scale of the protection gap,” Nick Frankland, CEO of EMEA operations for Guy Carpenter & Company, LLC, said at the Reinsurance Symposium in Baden-Baden Sunday. “The protection gap presents a great opportunity […]
FAIRVIEW, Okla. – The third-largest earthquake in Oklahoma was likely triggered by underground disposal of wastewater from oil and natural gas production, the United States Geological Survey found in a report issued Monday. The magnitude 5.1 quake that struck northwest of Fairview in February was likely induced by distant disposal wells, the agency said. The […]
By Canadian Underwriter | October 24, 2016
WILLIAMSPORT, Pa. – There has been little impact to the water supply so far from a ruptured pipeline during a freak storm in Pennsylvania that sent nearly 55,000 gallons of gasoline into a creek tributary, officials said Saturday. But authorities are continuing to monitor the water supplies that serve thousands of residents around Williamsport. A […]
3 min read
BELLA BELLA, B.C. – Officials say booms containing a fuel spill from a sunken tug off British Columbia’s central coast have been replaced, but clean up crews continue to face harsh weather as they attempt to work in the area. A report on the downed Nathan E. Stewart says crews worked Saturday to replace sections […]
By The Canadian Press | October 24, 2016
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
